Global Foundry Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Die Casting Machine, Centrifugal Casting Machine, Induction Furnace, and Moulding Machine.

By Application;

Metal Casting and Metal Heat Treatment.

By End User;

Automotive, Aerospace, Machinery, Shipbuilding, Power Generation & Electricity, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn277441924 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Foundry Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Foundry Equipment Market was valued at USD 6,004.05 million. The size of this market is expected to increase to USD 8,007.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The global foundry equipment market plays a pivotal role in the manufacturing and industrial sectors, providing essential machinery and tools for the production of metal castings. Foundries utilize these equipment to mold, shape, and finish metal components used in a wide range of industries, including automotive, aerospace, construction, and machinery manufacturing. The market encompasses a variety of equipment types, such as melting furnaces, molding machines, core making machines, shot blasting machines, and finishing tools, each contributing to different stages of the casting process.

One of the driving forces behind the growth of the foundry equipment market is the increasing demand for metal castings, particularly in emerging economies where industrialization and urbanization are on the rise. The automotive industry, in particular, is a significant consumer of cast metal components, requiring high-quality and precision-engineered parts for engines, transmissions, and other critical systems. Additionally, advancements in technology, such as automation and digitalization, are transforming traditional foundry operations, enhancing efficiency, precision, and sustainability.

Environmental regulations and the push for energy-efficient production processes are also influencing the market. Foundries are increasingly investing in advanced equipment that reduces emissions, conserves energy, and minimizes waste, aligning with global sustainability goals. As industries continue to seek cost-effective and environmentally friendly manufacturing solutions, the demand for innovative and efficient foundry equipment is expected to rise, further propelling market growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User

    4. Market Snapshot, By Region
  4. Global Foundry Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Automation

        2. Energy Efficiency

        3. Automotive Sector Growth

        4. Environmental Regulations

      2. Restraints
        1. High Initial Costs

        2. Maintenance Costs

        3. Skilled Labor Shortage

        4. Raw Material Prices

      3. Opportunities
        1. Green Foundry Technologies

        2. Emerging Markets

        3. Customized Solutions

        4. Collaborations and Partnerships

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Foundry Equipment Market, By Product, 2021 - 2031 (USD Million)
      1. Die Casting Machine
      2. Centrifugal Casting Machine
      3. Induction Furnace
      4. Moulding Machine
    2. Global Foundry Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Metal Casting
      2. Metal Heat Treatment
    3. Global Foundry Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Aerospace
      3. Machinery
      4. Shipbuilding
      5. Power Generation & Electricity
      6. Others
    4. Global Foundry Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Baoding Well Foundry Machinery Co Ltd
      2. Bhler AG
      3. Hitachi Ltd
      4. KNKEL WAGNER Germany GmbH
      5. Loramendi S.Coop
      6. MESH Automation Inc
      7. Nabertherm GmbH
      8. Norican Group
      9. SINTOKOGIO Ltd
      10. Toshiba Machine Co Ltd
  7. Analyst Views
  8. Future Outlook of the Market